{"id":15489,"date":"2024-07-24T12:49:19","date_gmt":"2024-07-24T09:49:19","guid":{"rendered":"https:\/\/forklog.com\/en\/dormant-wallet-moves-53-btc-after-11-years\/"},"modified":"2024-07-24T12:49:19","modified_gmt":"2024-07-24T09:49:19","slug":"dormant-wallet-moves-53-btc-after-11-years","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dormant-wallet-moves-53-btc-after-11-years\/","title":{"rendered":"Dormant Wallet Moves 53 BTC After 11 Years"},"content":{"rendered":"<p>On July 23, a wallet inactive for over 11 years transferred 53 BTC, valued at approximately $3.5 million, as reported by Whale Alert.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">? A dormant address containing 53 <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> (3,498,414 USD) has just been activated after 11.1 years (worth 3,716 USD in 2013)!<a href=\"https:\/\/t.co\/jK81cnZjug\">https:\/\/t.co\/jK81cnZjug<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\"https:\/\/twitter.com\/whale_alert\/status\/1815846229265289564?ref_src=twsrc%5Etfw\">July 23, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The assets accumulated at this address in 2013 were valued at $3716 at the time\u2014a nearly 1000-fold increase.<\/p>\n<p>Earlier in July, 1004 BTC, dormant for over 10 years, were moved. The value of the cryptocurrency had increased approximately 77 times since acquisition.\u00a0<\/p>\n<p>Mid-month, a wallet inactive for more than 12 years transferred 1000 BTC worth about $60 million. When received on September 25, 2012, the assets were valued at $11,908. Over this period, the amount grew nearly 5000-fold.<\/p>\n<p>In March, an unknown miner <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-whale-cashes-out-1000-btc-from-2010\">sold 1000 BTC mined in 2010<\/a>. The bitcoins, received as a block reward, were valued at around $0.28 at the time. Consolidated from several wallets, the coins were transferred to Coinbase, yielding about $68 million amid a <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-surpasses-historic-high-of-69000\">price peak<\/a>.<\/p>\n<p>At the end of the month, the owner of a 12-year dormant address <a href=\"https:\/\/u1f987.com\/en\/news\/dormant-bitcoin-address-awakens-after-12-years-moves-35-million\">moved all 500 BTC<\/a>, worth nearly $35 million, splitting them into smaller deposits.<\/p>\n<p>In April, a wallet inactive for 10 years transferred <a href=\"https:\/\/u1f987.com\/en\/news\/dormant-bitcoin-address-awakens-after-a-decade-moves-17-million\">246 BTC valued at $17 million<\/a>, and another <a href=\"https:\/\/u1f987.com\/en\/news\/dormant-miner-moves-3-3-million-in-bitcoin-after-nearly-14-years\">50 BTC (~$3.3 million)<\/a> began moving after nearly 14 years.<\/p>\n<p>Earlier in May, an unknown whale <a href=\"https:\/\/u1f987.com\/en\/news\/dormant-bitcoin-wallet-awakens-after-a-decade-moves-687-33-btc\">moved 687.33 BTC<\/a> ($43.94 million at the time of the transaction), also dormant for 10 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 23, a wallet inactive for over 11 years transferred 53 BTC, valued at approximately $3.5 million, as reported by Whale Alert. ? A dormant address containing 53 #BTC (3,498,414 USD) has just been activated after 11.1 years (worth 3,716 USD in 2013)!https:\/\/t.co\/jK81cnZjug \u2014 Whale Alert (@whale_alert) July 23, 2024 The assets accumulated at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1227],"class_list":["post-15489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-transactions"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15489"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15488"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}